Ugro Capital Limited, a small business lending fintech platform, announced the appointment of Smita Aggarwal as Additional Independent (Woman) Director of the company, with effect from March 31, 2022. According to the company’s exchange filing, “We wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors…
Netcore Cloud, a Mumbai-headquartered SaaS company, announced the investment of close to $100 mn to acquire a majority stake in US-based, search-personalization company Unbxd Inc. It will also be infusing additional funding into Unbxd to propel the company’s growth in developed markets, a statement said. Founded by Pavan Sondur and Prashant Kumar in 2012, Unbxd…
Vehere, a leading company for enabling cyber situational awareness solutions, announced that its Board of Directors has named veteran Sales expert and IT industry leader, Sanjay Bhardwaj, as Director Sales-India & Emerging Markets. Sanjay has served in leadership positions across some of the biggest tech companies and brings the best of management, leadership and sales expertise…
Bikayi announced that it will hire over 100 employees across its Product, Finance, Technology, Leadership and Management verticals, to further strengthen its global presence. Bikayi started as a five member team with an aim to create successful businesses by bringing them online. It has grown into a coveted platform for MSMEs and has onboarded over 5 lakh merchants so far.…
Phablecare, one of India’s leading Health-tech players focusing on chronic disease management, announced the acquisition of Fused Training, India’s first holistic Type-1 Diabetes health management start-up. Through this acquisition Phablecare will look at strengthening their Type-1 Diabetes vertical, a statement said. Fused Training, based in Noida and led by Sahil Madan, a type-1 diabetic himself,…
HealthQuad, a healthcare venture capital fund in India, has announced the final close of its second fund, HealthQuad Fund-II, with a total subscription of $162 million (INR 1,215 Crores), more than 2.2 times greater than its target size at launch. MSD, the global biopharmaceutical company, led commitments from global financial investors, strategic institutions in pharma…
Bharti Airtel (Airtel), India’s premier communications solutions provider, and Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, announced a strategic partnership to build and market innovative solutions for India’s digital economy by bringing together their core strengths. Airtel and Tech Mahindra will co-develop and market 5G use cases…
Provenir, a AI-powered risk decisioning software provider for the fintech industry, announced the appointment of Varun Bhalla as the Country Manager for India. In this new role, Bhalla will be responsible for establishing Provenir’s presence in India as a part of the company’s continued global expansion. He will oversee all business operations, including sales, pre-sales,…
Accel Limited announced the appointment of Raghu Kilimanoor Varma (K R Varma) as Additional Director on the company’s Board, effective March 30, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Company at their Meeting held on so” March, 2022 have considered and approved the…
E-commerce firm Meesho has appointed Debdoot Mukherjee as its Chief Data Scientist. In this new role, Mukherjee will oversee the company’s efforts to make every pillar of the e-commerce marketplace smarter and more efficient with the use of AI. He will lead the current 30-member strong AI team at Meesho and strengthen it by 3x…
Bain Capital, a global private multi-asset alternative investment firm, announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management Limited (IIFLWAM), one of the largest and fastest growing wealth and asset management firms in India from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd, a wholly owned subsidiary…
Tejas Networks announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore (Saankhya) for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed…
Coco, the LA-based remotely piloted delivery service, continues to build out its expert leadership team, bringing on executives from DoorDash, Lyft, Eaze, Amazon, Google and more amid its rapid nationwide expansion. The new hires include Sahil Sharma as Chief Operating Officer, Pete Quinn as Vice President of Revenue and Andrea Lobato as General Counsel. Strengthened by these industry experts, Coco’s growing…
Skill-Lync, the engineering EdTech start-up, has announced that it partnered with 50 corporates and provided job offers to more than 1000 Indian engineering students in FY 2021-22. Some of the key partnerships that Skill-Lync had last year include leading organizations such as Cyient, Renault-Nissan Technology Business Center India (RNTBCI), TATA Elxsi, Expleo, Verolt, Segula Technologies…
Century Plyboards (India) Limited announced the appointment of Ratnabali Kakkar as an Independent Director on the Board of the company, effective April 1, 2022. According to the company’s exchange filing, “the Board of Directors of the Company through a resolution passed by circulation, has appointed Ms. Ratnabali Kakkar (DIN: 09167547) as an Independent Director of…